This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
The VIX symbol stands for the Chicago Board Options Exchange Volatility Index and it is a measure of the S&P500 stock index options that have a maturity of 30 days. In other words, it measures the expected market volatility for the next 30 days and this is why it is sometimes called the "fear index".
This item creates a table that shows several statistics regarding the VIX for each day of the week:
% from Open: Return of the VIX from the open
% from P. Close: Return of the VIX from the previous close
% Up: Percentage of days where the VIX increased (current close compared to previous close)
From the picture below, which is based on the previous 20 years data for the VIX volatility Index, you can clearly see that:
- Open to close return is higher in Friday
- The highest increase in the VIX occurs between Friday close and Monday open
An increase in the VIX is a sign of greater uncertainty in the market and it is often caused by a decrease in market indices.
On the other hand, a decrease in the VIX suggests that the market uncertainty is decreasing and it is often seen as a bullish signal.
You can get historical data for the VIX by adding "^VIX" symbol and using the default EOD data downloader: Historical Stock Market Data.
